State Street Corporation has devised a new organisation to increase client access to real-time analytics ahead of regulatory change.
The organisation, Global Exchange, reorganises existing research and analytics capabilities from State Street into one organisation to help with the complexity of administration in a post-reform environment.
"Driven by regulatory reform, complexity and transparency, clients want access to real-time data and analytics to better inform their investment and trading decisions," State Street management committee and head of global strategy and new ventures Jack Klinck said.
"Our goal is to support our clients' trade lifecycle, from investment decision to post-trade administration, minimising trading and operational costs."
Global Exchange will take components from State Street's research and advisory, analytics, Currenext, Global Link and derivatives clearing capabilities to provide clients with easier access to solutions and accelerate product development.
The new organisation will be led by State Street executive vice president Jack Conway, who said its development was a direct result of client demand.
"In a survey we conducted last year with the Economist Intelligence Unit, the issue of data integration was at the forefront of clients' operational challenges," Mr Conway said.
Mr Conway said the survey found that 46 per cent of asset owners rated their ability to achieve a comprehensive look-through of their portfolio as less than good, and 63 per cent expected their data management challenges to increase over the next three years.
"We believe we are assembling the right combination of technology, expertise and platforms to help solve these challenges," Mr Conway said.
